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Eastech Holding (TPE:5225) E10 : NT$3.70 (As of Mar. 2024)


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What is Eastech Holding E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Eastech Holding's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$2.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$3.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Eastech Holding's average E10 Growth Rate was 12.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2024-06-15), Eastech Holding's current stock price is NT$109.50. Eastech Holding's E10 for the quarter that ended in Mar. 2024 was NT$3.70. Eastech Holding's Shiller PE Ratio of today is 29.59.

During the past 13 years, the highest Shiller PE Ratio of Eastech Holding was 35.19. The lowest was 6.38. And the median was 12.46.


Eastech Holding E10 Historical Data

The historical data trend for Eastech Holding's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Eastech Holding E10 Chart

Eastech Holding Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 3.29 3.41

Eastech Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.30 3.31 3.35 3.41 3.70

Competitive Comparison of Eastech Holding's E10

For the Consumer Electronics subindustry, Eastech Holding's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Eastech Holding's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Eastech Holding's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Eastech Holding's Shiller PE Ratio falls into.



Eastech Holding E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Eastech Holding's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.38/131.7762*131.7762
=2.380

Current CPI (Mar. 2024) = 131.7762.

Eastech Holding Quarterly Data

per share eps CPI Adj_EPS
201406 1.350 100.560 1.769
201409 2.060 100.428 2.703
201412 0.828 99.070 1.101
201503 0.920 99.621 1.217
201506 0.180 100.684 0.236
201509 2.190 100.392 2.875
201512 0.922 99.792 1.218
201603 0.220 100.470 0.289
201606 -0.200 101.688 -0.259
201609 1.540 101.861 1.992
201612 0.660 101.863 0.854
201703 0.150 102.862 0.192
201706 -0.700 103.349 -0.893
201709 0.970 104.136 1.227
201712 1.620 104.011 2.052
201803 -1.270 105.290 -1.589
201806 -0.120 106.317 -0.149
201809 3.540 106.507 4.380
201812 1.900 105.998 2.362
201903 0.390 107.251 0.479
201906 1.580 108.070 1.927
201909 3.530 108.329 4.294
201912 -0.550 108.420 -0.668
202003 -4.280 108.902 -5.179
202006 -1.480 108.767 -1.793
202009 -0.510 109.815 -0.612
202012 -4.820 109.897 -5.780
202103 -2.380 111.754 -2.806
202106 0.570 114.631 0.655
202109 1.950 115.734 2.220
202112 5.890 117.630 6.598
202203 0.010 121.301 0.011
202206 0.980 125.017 1.033
202209 4.090 125.227 4.304
202212 0.900 125.222 0.947
202303 1.050 127.348 1.087
202306 1.740 128.729 1.781
202309 2.880 129.860 2.923
202312 1.550 129.419 1.578
202403 2.380 131.776 2.380

Add all the adjusted EPS together and divide 10 will get our e10.


Eastech Holding  (TPE:5225) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Eastech Holding's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=109.50/3.7
=29.59

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Eastech Holding was 35.19. The lowest was 6.38. And the median was 12.46.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Eastech Holding E10 Related Terms

Thank you for viewing the detailed overview of Eastech Holding's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Eastech Holding (TPE:5225) Business Description

Traded in Other Exchanges
N/A
Address
8F-1, No. 188, Baoqiao Road, Xindian District, New Taipei City, TWN, 23145
Eastech Holding Ltd is engaged in the design and manufacturing of acoustics, electronics, hardware, software, and systems engineering. Its transducers catalog covers standard design transducers, headphones and earphone transducers, scan-speak designed transducers, and others. The company offered products have applications in voice control products, Bluetooth systems, Wi-Fi systems, multi-channel sound systems, soundbar systems, active and passive speakers, home speakers, and headphones, among others. Geographically, the company operates in South Korea, Japan, China, Sweden, Denmark, and others and it derives a majority of its revenue from South Korea.

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